Indian Agriculture towards 5 Trillion $ economy
Agriculture has become a livelihood in India. Employing about half of the workforce and contributing 18 percent of the country's GDP, the industry is in flux with the advancement of technology in various agtech startups. For example, India's 2023-24 government budget offers a unique opportunity to use technology in agriculture and support urban agriculture.With an initial investment of Rs 22 billion,Agriculture Acceleration Fund demonstrates its commitment to support agtech start-ups as India becomes a growing $5 trillion economy between 2025 and 2026. Around 500 INR in startups alone incentivizes new youth to work in agriculture.With an initial investment of Rs 2,200, the Agriculture Accelerator Fund reflects India's commitment to support agri-technology initiatives, enabling India to achieve $5 trillion in economic growth between 2025 and 2026. However, climate change, population growth and resource constraints affect sustainable agriculture in the country. While technolo...